Chinese travellers spend twice as much as Americans. Hannah Ryder and Rosie Wigmore look at how Africa can attract a bigger share of this lucrative market. Before Covid-19 struck, a competition was about to heat up. March 2020 – around the time that African countries started to close their borders …
Read More »MIT unveils African entrepreneur Fellowship
 Fellowship applications open on May 3, 2021 for entrepreneurs working and living in Uganda, Ethiopia, Ghana, Nigeria, Kenya, Rwanda and Senegal | THE INDEPENDENT | Legatum Center for Development & Entrepreneurship at the Massachusetts Institute of Technology (MIT) has unveiled the Foundry Fellowship, a first-of-its-kind leadership program for accomplished …
Read More »UDB profit after tax up 118%
More funding, capitalisation of the bank coupled with increase in loan disbursements supported the growth in 2020 Kampala, Uganda | JULIUS BUSINGE | Uganda Development Bank Limited has realised a profit after tax for the year 2020 of Shs22bn, representing a 118% growth from Shs10.4bn reported in 2019 amidst the …
Read More »Africa’s COVID-19 vaccine rollout
The risks and the challenges | THE INDEPENDENT Africa’s largest-ever vaccination drive is well under way. Forty-nine African countries are rolling out COVID-19 vaccines and over 22 million doses have been given on the continent. Valuable lessons are emerging, but major risks and challenges threaten Africa’s fragile gains. Supply crunch …
Read More »Israeli-Palestinian confrontations
What sparked the latest attacks? | THE INDEPENDENT | For weeks, tensions had been building between Israelis and Palestinians in Jerusalem, with a confluence of recent events and longer-term trends leading to the latest violence. Israeli restrictions around holy sites during Ramadan; increasingly intense protests and violence on both the …
Read More »Museveni takes government to the Parish
 But will model help millions of Ugandans get out of poverty? Kampala, Uganda | RONALD MUSOKE | David Bahati, the Minister of State for Finance in charge of planning is excited about the Parish Development Model—the latest NRM programme aimed at lifting millions of rural-based Ugandans out of poverty. …
Read More »Museveni’s hostility towards Umeme
 How the president’s criticism of the electricity distributor is likely to undermine investor confidence in Uganda THE LAST WORD | ANDREW M. MWENDA | President Yoweri Museveni recently repeated his claim that officials of the government of Uganda who negotiated the Umeme concession sold the country. It is a …
Read More »Yoweri K. Museveni: The 40 year stretch
 Supporters, critics, analysts speak out on the next five years Kampala, Uganda | IAN KATUSIIME | On May 12 President Yoweri Museveni raised the Bible in his right hand to take the presidential oath for the seventh time. While giving his inauguration speech to a crowd of an estimated …
Read More »IN THE INDEPENDENT: Museveni – the 40 year stretch
Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Yoweri K. Museveni’s 40 year stretch: Supporters, critics, analysts speak out on the next five years THE LAST WORD Museveni’s hostility towards Umeme: How the president’s criticism of the electricity distributor is likely to …
Read More »The new digital taxes
The projected revenues may not be realised yet the long-term effects created may be difficult to reverse COMMENT | NATHAN WERE | The Parliament of Uganda recently passed the Excise Duty Amendment Bill, 2021 in which new taxes were introduced. One of such tax is on the internet requiring users …
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